(The Center Square) – Americans can look forward to bigger standard deductions on their 2026 taxes and higher standard deductions on their 2025 taxes, thanks to inflation and the GOP’s One Big Beautiful Bill Act.

On Thursday, the IRS published its annual tax inflation adjustments for more than 60 tax provisions, including the standard deduction, income tax tiers, employer-provided childcare tax credits and others. Many of those adjustments were influenced by the One Big Beautiful Bill, the sweeping legislation passed in July that will advance many of President Donald Trump’s fiscal and policy priorities over the next decade. The bill made permanent tax cuts contained in Trump’s signature Tax Cuts and Jobs Act of 2017, which delivered major tax reforms. 

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